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Wednesday, January 06, 2010

Reading & Northern buys portion of Towanda Monroeton line

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The Reading Blue Mountain & Northern Railroad has purchased the northernmost 1.5-mile section of the Towanda Monroeton Shippers Lifeline Railroad, a six-mile rail line between Towanda Borough and Monroeton, Penn. Reading plans to aggressively market the local rail line for use by companies involved in the natural gas industry, according to a report in the Daily Review.

The remaining 4.5-miles of the Towanda Monroeton rail line is owned by Shaffer's Feed Service Inc. However, Reading will operate on the entire Towanda Monroeton Shippers Lifeline rail line, including the section of the track owned by Shaffer's Feed Service.

According to the report, Reading hopes to develop a facility for transferring frac sand to trucks in the Towanda area, although it would probably be a smaller operation than the one in the railroad's Pittston yard.